Cohesion Policy Regulations to enter into force
The Council of the European Union formally endorsed the Cohesion Policy Regulations for 2014-2020.
The new rules and legislation will be published in the 'Official Journal of the EU' on 20 December and then enter into force.
The cohesion policy with an investment up to EUR 366.8 billion will be the EU's principle investment tool for delivering the Europe 2020 goals: creating growth and jobs, tackling climate change and energy dependence, and reducing poverty and social exclusion.
This will be helped through targeting the European Regional Development Fund at key priorities such as support for small and medium-sized enterprises where the objective is to double support from EUR 70 to 140 billion over the 7 years.
The first step in this process is finalising the Partnership Agreements, which will define each Member State’s investment strategy for the next seven years.
The European Territorial Cooperation Programmes for the period 2014-2020 could be then submitted to European Commission approval, based on the adopted regulations.
The working Group for the Atlantica Area Programme 2014-2020 preparation intends to submit the new Operational Programme by the end of the first semester of 2014.
More information: DG REGIO
